Education IT To Grow $2.5 Billion

Technology spending in education is seeing a surge in 2010. According to information released by IT research firm Gartner, worldwide enterprise IT spending in education will grow 4.1 percent, or about $2.53 billion, over 2009.

According to the report, "Forecast Alert: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2008-2014, 1Q10 Update," worldwide enterprise IT spending across all vertical segments is forecast to increase by $96.7 billion to nearly $2.43 trillion in 2010.

The overall average growth rate will be 4.1 percent, the same as the forecast growth rate for education. That follows a decline of 5.6 percent in overall worldwide IT spending from 2008 to 2009.

Government, retail, banking/securities, and communications media/services are leading the way in terms of IT spending growth in 2010. IT spending in government (national and international) is forecast to grow 6.2 percent in 2010 to $248.73 billion, by far the greatest growth of any sector in the last year. IT spending in retail will grow 4.7 percent to $149.22 billion. And IT spending in banking and securities will grow 4.6 percent to $396.87 billion.

Education itself is the smallest of the vertical segments tracked by Gartner. In 2009, total IT spending in education was $61.46 billion. By the end of this year, will make up 2.64 percent of the overall vertical enterprise IT market worldwide, or $63.99 billion, consistent with its share of the overall picture in 2009.

Gartner cautioned that growth could be curtailed by a potential "double dip" in the recession, "based on uncertainties in the economic environment."

Further information about the report can be found here.

About the Author

David Nagel is the former editorial director of 1105 Media's Education Group and editor-in-chief of THE Journal, STEAM Universe, and Spaces4Learning. A 30-year publishing veteran, Nagel has led or contributed to dozens of technology, art, marketing, media, and business publications.

He can be reached at [email protected]. You can also connect with him on LinkedIn at https://www.linkedin.com/in/davidrnagel/ .


Featured

  • glowing brain, connected circuits, and abstract representations of a book and graduation cap on a light gray gradient background

    Snowflake Launches Program to Upskill 100,000 People in Data and AI

    Cloud data platform Snowflake is embarking on an effort to train and certify more than 100,000 users on its AI Data Cloud by 2027. The One Million Minds + One Platform program will provide Snowflake-delivered courses, training materials, and free access to Snowflake software, at no cost to learners.

  • two abstract humanoid figures made of interconnected lines and polygons, glowing slightly against a dark gradient background

    Microsoft Introduces Copilot Chat Agents for Education

    Microsoft recently announced Microsoft 365 Copilot Chat, a new pay-as-you-go offering that adds AI agents to its existing free chat tool for Microsoft 365 education customers.

  • hand touching glowing connected dots

    Registration Now Open for Tech Tactics in Education: Thriving in the Age of AI

    Tech Tactics in Education has officially opened registration for its May 7 virtual conference on "Thriving in the Age of AI." The annual event, brought to you by the producers of Campus Technology and THE Journal, offers hands-on learning and interactive discussions on the most critical technology issues and practices across K–12 and higher education.

  • Three cubes of noticeably increasing sizes are arranged in a straight row on a subtle abstract background

    A Sense of Scale

    Gardner Campbell explores the notion of scale in education and shares some of his own experience "playing with scale" — scaling up and/or scaling down — in an English course at VCU.